S.Amdt. 2580

SA 2580. Mr. SCHATZ (for himself, Ms. Rosen, Mr. Welch, Mr. Lujan,
and Ms. Alsobrooks) submitted an amendment intended to be proposed to
amendment SA 2360 proposed by Mr. Thune (for Mr. Graham) to the bill
H.R. 1, to provide for reconciliation pursuant to title II of H. Con.
Res. 14; which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. __. EXEMPTION FROM DUTIES IMPOSED PURSUANT TO NATIONAL
EMERGENCY DECLARATION FOR GOODS THAT WOULD
INCREASE CONSUMER COSTS FOR RURAL AND LOW-
INCOME COMMUNITIES.

(a) In General.--Duties imposed pursuant to the national
emergency declared in Executive Order 14257 (90 Fed. Reg.
15041; relating to regulating imports with a reciprocal
tariff to rectify trade practices that contribute to large
and persistent annual United States goods trade deficits)
shall not apply with respect to goods that are estimated to
result in an increase in the Consumer Price Index for All
Urban Consumers, that exceeds a projected annual inflation
rate of 2 percent, as published by the Bureau of Labor
Statistics, specifically for rural and low-income
communities.
(b) Definitions.--In this section:
(1) Low-income community.--The term ``low-income
community'' has the meaning given that term in section 45D(e)
of the Internal Revenue Code of 1986.
(2) Rural.--The term ``rural'' has the meaning given that
term in section 520 of the Housing Act of 1949 (42 U.S.C.
1490).
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